Maxele Advisors LLC Invests $1.07 Million in Fidelity MSCI Utilities Index ETF $FUTY

Maxele Advisors LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,969 shares of the company’s stock, valued at approximately $1,071,000. Maxele Advisors LLC owned about 0.05% of Fidelity MSCI Utilities Index ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FUTY. Roman Butler Fullerton & Co. acquired a new stake in Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $1,171,000. AlphaCore Capital LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth $486,000. J.W. Cole Advisors Inc. raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 44.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 23,984 shares of the company’s stock valued at $1,262,000 after purchasing an additional 7,406 shares in the last quarter. Independence Financial Advisors LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 2,625.7% during the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after purchasing an additional 185,792 shares in the last quarter. Finally, AGF Management Ltd. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 10.2% in the 3rd quarter. AGF Management Ltd. now owns 104,371 shares of the company’s stock valued at $5,894,000 after purchasing an additional 9,652 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.5%

Shares of NYSEARCA:FUTY opened at $60.76 on Tuesday. The stock has a market capitalization of $2.41 billion, a PE ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a 1 year low of $45.94 and a 1 year high of $61.51. The firm has a fifty day moving average price of $57.88 and a 200 day moving average price of $57.05.

Fidelity MSCI Utilities Index ETF Profile

The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.